MAINTENANCE AND RELIABILITY BEST PRACTICES

Objective:

• Understand key financial concepts including costs, capital, profit, and return on investment (ROI)
• Evaluate the financial impact of unexpected equipment failures and asset degradation
• Implement proactive maintenance strategies to reduce maintenance costs and improve reliability
• Collect, analyze, and utilize failure data to prevent recurring equipment issues
• Identify root causes of unexpected failure-related expenses
• Optimize maintenance resources through effective work management practices

Content:

Equipment Life-Cycle Cost Management

• Understanding reliability, maintenance, and asset management concepts
• The relationship between costs, capital, profits, and return on investment
• Exploring the asset healthcare model
• Key areas of effective asset management
• Interactive discussions on maintenance and reliability challenges

Cost Factors and Causes of Asset Failure

• Understanding the true cost of unexpected equipment failures
• Establishing asset performance standards
• Types of asset failure and degradation mechanisms
• Causes and characteristics of asset failures
• Evaluating the effects, costs, and risks associated with asset degradation

Breaking the Cycle of Asset Degradation and Costs

• Understanding programmed maintenance strategies
• Determining effective programmed maintenance intervals
• Applying condition-based maintenance approaches
• Developing optimized preventive maintenance programmes
• Managing spare parts to support maintenance effectiveness

Cost Reduction Through Defect Elimination

• Collecting and analyzing equipment failure data
• Understanding the impact of chronic and intermittent failures
• Applying Pareto analysis for focused improvement
• Quantifying losses using life-cycle cost analysis
• Applying root cause analysis techniques to eliminate failures
• Using software tools and templates to support failure analysis

Work Management: Turning Strategy into Practice

• Identifying maintenance work and reporting defects
• Understanding the importance of maintenance backlog management
• Planning for quality, reliability, and operational effectiveness
• Applying capacity planning techniques
• Scheduling maintenance activities for maximum efficiency
• Managing work logistics and preparation processes
• Using checklists and quality control practices to improve maintenance outcomes
• Reviewing course outcomes and developing improvement actions

For Whom:

• Maintenance Managers and Supervisors
• Reliability Engineers
• Maintenance Engineers and Technical Support Staff
• Operations Managers and Team Leaders
• Maintenance Planners and Coordinators
• Engineering Professionals responsible for asset performance and reliability improvement